The Polish Financial Supervision Authority (UKNF) has unveiled its supervisory priorities for 2025, with a significant emphasis on the insurance sector. These priorities aim to address emerging risks, enhance product quality, and strengthen market stability.

• Solvency of Insurers and Reinsurers
  UKNF plans to assess the significance of climate risks and the impact of cyber risks on the operations and solvency of insurance companies. Additionally, it will implement limited financial and solvency monitoring of significant Freedom of Services (FoS) and Freedom of Establishment (FoE) entities operating in Poland.
• Insurance Product Quality
  The authority will evaluate the value of insurance products offered by banks, ensuring compliance with "Recommendation U" and addressing gaps in catastrophic insurance coverage. Further, UKNF will review property insurance quality by analyzing claims payments related to the 2024 floods and assess premium adequacy across various insurance lines.
• Distribution Practices
  UKNF will issue guidelines for insurers and distributors to improve the quality of insurance product distribution. Enhanced oversight will focus on ensuring proper client needs assessments. Additionally, the authority will analyze the distribution of catastrophic risk insurance, drawing lessons from the 2024 floods.
• Investment Oversight

Strengthening supervision of the investment activities of insurers and reinsurers is another priority. UKNF plans to develop a supervisory handbook on the prudent investor principle, introduce new requirements for unit-linked insurance investments, and prepare for the implementation of upcoming EU regulations on liquidity risk management.

These priorities demonstrate UKNF’s proactive stance on addressing systemic risks, improving customer value, and aligning with evolving regulatory frameworks to ensure a resilient and efficient insurance sector.